FASHION

FASHION

Prisons To Revert To Defence Ministry

In the backdrop of lawlessness in prisons, the Prisons Department will once more revert to the Defence Ministry, it’s learnt. Prisons which was formerly under the Defence Ministry, currently functions under the Prisons Reforms Ministry. The present level of lawlessness in prisons is attributed to the fact that it comes under a separate ministry and [...]

Good For Low Rate Regime

No Investments With the market throwing up an excess liquidity of more than Rs. 120 billion day, day in day out, and signs being that investments have not picked up, are all favourable indicators for the prevalence of a low interest regime in the economy, a market source told this reporter. The market has no [...]

Sri Lanka Have The Skills To Repeat ’96

Sri Lanka have the “right mix of skills” to repeat their success of 1996 at next month’s 50-over cricket World Cup in the subcontinent, says skipper Kumar Sangakkara. “We are confident. We know we have a good team that is balanced both in terms of a good mix of experienced players and rising young stars [...]

Buth Packet Slashed

By Gazala Anver The average rice parcel, packed with a few vegetables and a meat of your choice has been drastically ‘trimmed’ as prices of essential items have sky rocketed. Buying a lunch packet consisting of rice, three vegetables and fish, meat or chicken from little ‘kades’ was considered convenient for working people and for [...]

Siedles In Double Digit Growth

Siedles, sole agents for Sony products in Sri Lanka, saw there topline grow by 20% year on year (YoY) last year. Nimesh Udeshi, the company’s Managing Director told this reporter on Wednesday that unit wise too there has been an increase in sales. Growth began with the slashing of duties and VAT, a genesis that [...]

$ To Hit Rs. 111/20

The greenback strengthened further by five Sri Lanka cents to Rs. 111/10 at Friday’s inter-bank trading on the back of state names fishing for dollars in their probable pursuit to settle a Government import bill, a market source told this reporter. Last week the dollar has been gradually strengthening due to this activity (see also [...]

Freedom Of Expression In Sri Lanka, Circa 2011

By Indi Samarajiva Reporters Sans Frontiers has protested the lack of freedom of expression in Sri Lanka. Their main target seems to be the government, though they have taken shots at the entirely unrelated Galle Literary Festival. They may, however, have a point, even if the GLF boycott has missed it. Freedom of expression has [...]

Indian BPO Interest

RPG Group India, the holder of the CEAT tyre brand will explore possibilities of starting a business process outsourcing (BPO) operation in Sri Lanka. RPG, a diversified company, is one of the biggest BPO operators in India, Randeep Narang, the Indian expatriate Managing Director and CEO of CEAT in Sri Lanka, told reporters here recently. [...]

Gibson Targets Windies Semi-Final Spot

West Indies coach Ottis Gibson believes his unpredictable team can defy the odds and reach the World Cup semi-finals, something they haven’t achieved for 15 years. The West Indies tackle Sri Lanka in three ODIs from Monday, a crucial opportunity for the Caribbean side to get used to the South Asia conditions ahead of the [...]

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